BitShares recovered somewhat during the first half of November, but the second half of the month marked the start of another bear market. The 0.0000095 area has now turned into a major pivot zone, acting about four times as resistance since the beginning of November. The bear market started around November 16, and the trend line is clearly visible on the 4-hour chart. Price has fallen lower every single time …
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BitShares was trading around the 0.0000086 area since the 26th of November. The market bounced from this level very decisively today. The 0.0000086 area has now acted as support about four different times, and also once as resistance, when price was trading under it on the 30th of November. The 4-hour chart is also showing a very clear Head&Shoulders technical formation. This pattern is signaling that the market may be …
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